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Category :
IPO
Headline :
Prudent Corporate Ad announces launch of initial public offering
Date:
05/05/2022 12:20
Prudent Corporate Advisory Services Ltd. has announced public offering of 8549341 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 625.00 per share. The gross proceeds of the issue are expected to be Rs 53,860.85 lakhs.
The company's initial public offer (IPO) will open on 10 May 2022 and is expected to close on 12 May 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 595.00-630.00 per share.
The IPO includes a fresh Issue of 8549341 Equity Shares of the Company at an price of Rs 630.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 23 shares with bids in multiples of 23.
Prudent Corporate Advisory Services Ltd. anticipates using the proceeds of the issue for .
ICICI SECURITIES LTD,Axis Capital Ltd.,Equirus Capital Private Limited as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.
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